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<IPO>ALSCO POOLING (02649.HK) Opens IPO Today w/ Entry Fee of $7,070.6
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A circular packaging service provider in Mainland China, ALSCO POOLING (02649.HK), announced its plan to list on the main board in Hong Kong, proposing to issue 20.336 million shares, with 10% for public offering. The IPO price is set between HKD11 and HKD14 per share. The entry fee for one board lot (500 shares) is approximately HKD7,070.6. The IPO period starts today (27th) and will end on March 4, with the shares expected to be traded on the Hong Kong Stock Exchange on March 9. The sole sponsor is China Securities International. The listing is expected to raise net proceeds of approximately RMB293 million. AASTOCKS Financial News |
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